Calculate the total cost

Assignment Help Managerial Accounting
Reference no: EM132576624

The following employee costs were incurred but not paid during the month: There are three assembly employees that spend 2 hours each, $30 per hour to make the table for Job #1. (After you journalize this entry please enter the information into Job #1 Cost Sheet)Salary for supervisor of the factory $4,000.Administrative Salary $2,000.

Question 1: For the assembly workers, would simply just calculate the total cost by (3x2) then x 30?

Reference no: EM132576624

Questions Cloud

Strategic alliance : Using an Internet search engine, search for "strategic alliance" and identify a recently formed alliance. What is the goal of this alliance?
What percentage of Taylor assets are financed : Taylor Company had $200,000 of total assets, $120,000 of total liabilities. What percentage of Taylor's assets are financed by equity investors
What is the capital structure of car king : What would be the new EVA amount if capital structure of the company is 70% debt and 30% equity? What is the capital structure of Car King?
Calculate Karenna Fifeman charitable contribution deduction : Calculate Karenna Fifeman's charitable contribution deduction for 20X6 assuming her adjusted gross income (AGI) was $75,000 in 20X6."
Calculate the total cost : For the assembly workers, would simply just calculate the total cost by (3x2) then x 30? The employee costs were incurred but not paid during the month.
Prepare the depreciation schedule for the equipment : The Company bought new equipment and provided you with the data for the equipment. Prepare the depreciation schedule for the equipment
Calculate the payback period and internal rate of return : Calculate the payback period, internal rate of return, and net present value for each project. Then decide which department you would choose to automate
Explain one evidence based practice model : Choose and explain one Evidence Based Practice Model from Chapter 13 of the textbook (Melnyk and Fineout-Overholt, 2015). (1-2 slides)
What sale price in dollars should be charged : If Linaweaver marks up total cost by 0.20, what sale price in dollars should be charged if 46,000 units are expected to be sold each year

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Which alternative should jasper take

Jasper, Inc., Which alternative should Jasper take if the required rate of return for similar projects in the capital market is 15 percent?

  How management should use an activity based budget

Describe the meaning and the components of a financial reporting system, write a description of how management should use an activity based budget instead of an operating budget and explain the similarities and differences of the two budgets

  What the ending balance in accounts payable for march is

What The ending balance in accounts payable for March is? Sales are 30% cash and 70% on account, and 60% of credit sales are collected in the month

  Discuss why activity based allocations

Discuss why activity-based allocations are different from those generated by the traditional allocation method used by Summit.

  Determining cost of asset

Northeast Logging Co. of $120,000. The seller agreed to allow a 5 percent discount because Northeast paid cash. Determine the amount to be capatilized in an asset account for the purchase of the saw.

  The american produce company purchased a truckload

Allocate the $800 cost of the truckload to the superior-grade and economy-grade cantaloupes using the physical quantity method and the relative sales value method.

  Determine the necessary average annual income

Determine the necessary average annual income (using straight-line depreciation) that must be achieved on this project for it to be acceptable to Harris Co.

  General views regarding interperiod income tax allocation

There are 3 general views regarding interperiod income tax allocation: no allocation, partial allocation, and comprehensive allocation. Defend the position of an allocation of your choice (no allocation, partial or comprehensive allocation).

  Impacts on management actions and performance

The budgeting process and budgets themselves have significant impacts on management actions and performance, in both positive and negative ways. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationa..

  How many bones is there in an infant babys body

How many bones is there in an infant babys body? anatomy question

  Following information is available regarding direct labor

A company uses a process cost accounting system and the weighted average method for inventory costs.

  Calculate the net monetary benefit or cost to bbl

Calculate whether there is a monetary benefit or cost to Bats in transferring rubber to Gloves. Calculate the net monetary benefit or cost to BBL

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd